Have you been eager to see how BB&T Corporation performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this North Carolina-based diversified financial holding company’s earnings release this morning:
In-Line Earnings
BB&T came out with adjusted earnings per share of 73 cents, which was in line with the Zacks Consensus Estimate.
A rise in revenues was offset by higher expenses.
How Was the Estimate Revision Trend?
You should note that the Zacks Consensus Estimate for Q4 has remained stable over the last 7 days.
Notably, BB&T has a decent earnings surprise history. Before posting in line earnings in Q4, the company delivered positive surprises in three of the prior four quarters.
Overall, on an average the company posted positive earnings surprise of 6.0% in the trailing four quarters.
Revenue at Par with Expectation
BB&T posted total revenues (taxable-equivalent) of $2.77 billion, almost at par with the Zacks Consensus Estimate. However, it came around 8% higher than the year-ago number.
Key Statistics to Note:
- Adjusted Efficiency ratio of 59.5%
- Average loans and leases held for investment were $142.3 billion as of Dec 31, 2016
- Average deposits were $160.1 billion as of Dec 31, 2016
- Dividend payout ratio of 41.0% as of Dec 31, 2016
- Common equity Tier 1 ratio under Basel III, on a fully-phased in basis, was 10.0% as Dec 31, 2016
What Zacks Rank Says
BB&T currently has a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this BB&T earnings report!
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Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>
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BB&T (BBT) Posts In-line Q4 Earnings & Revenues
Have you been eager to see how BB&T Corporation performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this North Carolina-based diversified financial holding company’s earnings release this morning:
In-Line Earnings
BB&T came out with adjusted earnings per share of 73 cents, which was in line with the Zacks Consensus Estimate.
A rise in revenues was offset by higher expenses.
How Was the Estimate Revision Trend?
You should note that the Zacks Consensus Estimate for Q4 has remained stable over the last 7 days.
Notably, BB&T has a decent earnings surprise history. Before posting in line earnings in Q4, the company delivered positive surprises in three of the prior four quarters.
BB&T Corp. Price and EPS Surprise
BB&T Corp. Price and EPS Surprise | BB&T Corp. Quote
Overall, on an average the company posted positive earnings surprise of 6.0% in the trailing four quarters.
Revenue at Par with Expectation
BB&T posted total revenues (taxable-equivalent) of $2.77 billion, almost at par with the Zacks Consensus Estimate. However, it came around 8% higher than the year-ago number.
Key Statistics to Note:
What Zacks Rank Says
BB&T currently has a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this BB&T earnings report!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>